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ACST is not revising its new contract target despite low realization

16 October 2019 07:33

JAKARTA. As of September 2019, PT Acset Indonusa Tbk (ACST) only obtained a new contract worth Rp 1.7 trillion, from Soma Karimon power plant project (2x25 MW) in Riau.

Maria Cesilia,  Corporate Secretary of ACST, admitted that the figure is still far from the company's target this year of Rp 15 trillion. "We are getting some projects, according to our capacity and capabilities," Cesilia said as reported by Kontan on Tuesday (15/10).

On a different occasion, Jeffrey Gunadi Chandrawijaya, President Director of ACST, said that his party was still hoping for the Elevated JORR project, with total investment value of Rp 22.5 trillion.

In addition, ACST is also still waiting for the payment for the Jakarta-Cikampek Toll turnkey project with a contract value of Rp 6.6 trillion. Payment from this project can increase the company's internal cash, as well as pay off part of the company's debt. (KR/AR)

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